Back-Office Technology
This Week: Jyske Capital/SimCorp; Vestrata; NICE Actimize/FACEPOINT; Anna/Gleif; SS&C, ING, and more
A summary of some of the past week's financial technology news.
SS&C Advent Looks to the Cloud for Future Tech Deployments
After the rollout of its Genesis platform, SS&C Advent is now thinking about how it can transition platforms like Geneva, Moxy, and APX to the cloud, though it’s a long-term project.
This Week: Janus/SS&C; Wolters Kluwer; Tora/Neptune; Standard Chartered/Northern Trust; SimCorp; & More
A summary of some of the past week's financial technology news.
RBC Taps Salesforce and Others for Broker, Wealth Custody Platform
The full platform, leveraging an open API architecture and multiple third-party providers, will enter beta testing in early 2021.
Point Break: How Vendors Push Their Products to the Limit
Vendors don’t release new products or updates without putting their software through rigorous testing. What does that testing involve, and what different approaches do companies employ? Max Bowie finds out.
Platts Unveils Trade Vision API for Natural Gas Price Submitters
The latest release builds off of lingering automation needs within last year's phase-one Trade Vision database launch.
Waters Wrap: S&P-IHS Markit and the Land of Giants (Also, More on AML Tech)
Anthony provides some of his initial questions and thoughts following the S&P-IHS Markit deal. He also takes a second look at AML technology after getting some sage feedback.
TradingHub Looks to Analyze Aggregated Client Data to Improve Market Abuse Risk
The service would aim to allow buy-side firms to proactively monitor for trading abuse, rather than react after the event.
IBM Bets on Cloud & Containerization to Win Over Investment Banks
After its acquisitions of Red Hat and Promontory, IBM is looking to expand its footprint in the capital markets through containerization, as well as reg reporting in the cloud.
Fidelity Quietly Shutters ActionsXchange; Low Margins of Corporate Actions Biz Blamed
Officials remain silent on the closure, which has been in the works since last year, sources say.
Northern Trust Turns to DLT for the Future
Distributed-ledger technology will help ensure asset safety and allow custodians to provide more value to clients using AI and analytics.
EU Regulators Spill More Ink Tackling Market Data Costs
The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?
Waters Wrap: Blockchain is Still Overhyped (And Ion/Broadway Thoughts & the Consulting Boom)
In 2016, Anthony wrote that the blockchain revolution was overhyped—unsurprisingly, his opinions have not changed. He also delves into the Ion-Broadway deal, and looks at new consulting/advisory firms that have recently come to market.
Wavelength Podcast Ep. 219: People & Datacenters on the Move?
A discussion about Texas wooing Jersey companies, offices in Salt Lake City, and programmer skills.
Synechron Develops Differential Privacy Tech to Leverage Internal Data
The solutions are designed to allow firms to query data and build models more effectively without breaching global privacy rules.
Crux Extends Google Cloud Partnership with Data Catalog Integration
After partnering with GCP last year, the data delivery vendor is working on its most in-depth integration thus far.
New DTCC Consulting Unit Embarks on First Project
The market infrastructure firm founded a new advisory service last month, which has begun its first client engagement to evaluate regulatory reporting.
EU’s Gaia-X Project: Reaching for Digital Sovereignty
Right now, details are scarce for the project, but Jo says that even if the initiative fails to get off the ground, it marks a big step in the bloc’s effort to achieve digital sovereignty.
Notifications: the Problem Teens of Data Management
There are efforts underway to ease the burden of dealing with data notifications, but Max finds that between growing pains and automation adulthood, these notices are going through an awkward adolescence.
EU Firms Seek Clarity on Tech Requirements for Incoming Cloud Guidelines
As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.
TickSmith, Alqami Ally to Help Alt Data Sources Structure, Sell Data
Alqami will advise wannabe alternative data vendors on the value of their content, while TickSmith will provide the technology platform for them to sell it to potential clients.
Small Change, Big Challenge: Battling the Rising Tide of Data Notifications
With data notifications growing in volume and complexity, firms are finding it harder to keep track of these changes. Some vendors are looking to help.
RavenPack Adopts 'NLP-as-a-Service' Model with Focus on Firms' Internal Data
The news sentiment and analysis specialist wants to help banks tap into the datasets they sit on every day, but don't yet possess the capabilities to use.
Asset Managers Fear ESG Data Disclosure Gap
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.